Now Is A Suitable Moment For A Long-Term Purchase Of Kraft Heinz Co (NASDAQ: KHC)

Currently, there are 1.22B common shares owned by the public and among those 1.21B shares have been available to trade.

The company’s stock has a 5-day price change of 3.38% and 0.87% over the past three months. KHC shares are trading 0.22% year to date (YTD), with the 12-month market performance down to -4.16% lower. It has a 12-month low price of $30.68 and touched a high of $41.47 over the same period. KHC has an average intraday trading volume of 8.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.02%, 3.00%, and 5.84% respectively.

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Institutional ownership of Kraft Heinz Co (NASDAQ: KHC) shares accounts for 79.19% of the company’s 1.22B shares outstanding.

It has a market capitalization of $44.96B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 16.02, while the earnings-per-share (ttm) stands at $2.31. The company has a PEG of 3.77 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.12% over the week and 1.34% over the month.

Analysts forecast that Kraft Heinz Co (KHC) will achieve an EPS of $0.69 for the current quarter, $0.76 for the next quarter and $3.21 for 2025. The lowest estimate earnings-per-share for the quarter is $0.67 while analysts give the company a high EPS estimate of $0.72. Comparatively, EPS for the current quarter was $0.68 a year ago. Earnings per share for the fiscal year are expected to increase by 2.02%, and 5.51% over the next financial year.

Looking at the support for the KHC, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on February 01, 2024, with the firm’s price target at $43. Evercore ISI coverage for the Kraft Heinz Co (KHC) stock in a research note released on December 11, 2023 offered a Outperform rating with a price target of $42. Bernstein was of a view on November 14, 2023 that the stock is Outperform, while HSBC Securities gave the stock Hold rating on September 22, 2023, issuing a price target of $38. TD Cowen on their part issued Market Perform rating on September 13, 2023.

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